Compliance Analyst-temporary term 8-10 months-(Hybrid)

Central 1 cooperatively empowers credit unions and other financial institutions to deliver banking choice to Canadians. Central 1 provides critical services at scale to enable a thriving credit union system. We do this by collaborating with our clients, developing strategies, products and services to support the financial well-being of their more than 5 million diverse customers in communities across Canada. For more information, visit www.central1.com.

What we offer:

• Work-life flexibility 
• Hybrid work environment 
• One time allowance to set up your office for remote first employees
• Variable annual incentive plan
• Generous annual vacation allotment
• Top-notch flexible benefits plan including family building and gender affirmation
• Retirement Plan, matched contributions at 6%
• Access to a learning platform and educational assistance support
• Access to a virtual wellness platform
• Career development opportunities
• Wellness Flex Fund to support personal interest and activities
• Day off to volunteer in your community and other paid time off options
• Corporate discounts

*subject to employment agreement

Job Summary:

Central 1 is seeking a driven and detail-oriented Compliance Analyst to join our dynamic team. In this role, you'll be at the forefront of regulatory compliance, independently managing daily operations and leading impactful projects that ensure Central 1 meets and exceeds its regulatory obligations. You'll conduct critical research, analysis, and reporting while supporting key areas such as Anti-Money Laundering, Counter-Terrorist Financing, Privacy, CASL, Anti-Bribery and Corruption, and outsourcing activities. You'll take the lead on risk assessments, develop forward-thinking compliance policies, and spearhead initiatives involving training, remediation, and data analysis. As a key communication partner, you'll play a vital role in keeping teams informed and empowered to foster a proactive, risk-aware culture that enables Central 1 to thrive.

What you'll be doing:
 

Strategy and Planning

• Research and draft compliance documents like policies, standards, guidelines, and procedures.

• Stay informed about regulatory requirements, industry trends, and best practices, including domestic and international regulations.

• Recommend practical risk mitigation strategies that align with compliance requirements and business risk targets.

• Support the Compliance Program by creating communications, awareness campaigns, and training materials to help reduce the risk of non-compliance.

Risk Management and Compliance

• Conduct due diligence to detect and report suspicious activities related to money laundering, terrorist financing, or sanctions violations.

• Advise and assist business units with regulatory risk assessments, risk controls, monitoring, and reporting.

• Develop risk mitigation processes, including transaction monitoring and related reporting.

• Ensure timely responses to compliance issues, providing guidance to relevant business teams to meet Central 1's quality and service goals.

What you'll have:

• University degree and 1-3 years of professional work experience.

• Compliance certification desirable.

• Experience in a compliance role at a regulated financial institution desired. 

• Strong Microsoft suite skills, including Excel

• Excellent interpersonal skills, including the ability to develop strong relationships across all levels of the organization.

• Excellent analytical and problem-solving abilities with attention to detail.

• Ability to deal with ambiguity and complex concepts to effectively prioritize and execute tasks in a high-pressure environment.

• Highly self-motivated and self-directed, but with team-oriented skills for working in a collaborative environment.

• Committed to continuous learning activities to maintain professional and subject matter expertise.

Salary range: $60,000-$74,000

Central 1 is an equal opportunity employer and committed to building an inclusive workforce by creating an environment where everyone feels like they belong and has the opportunity to be successful. We welcome all applicants to join our diverse workforce and we will provide an accessible candidate experience including, but not limited to accommodations to interview sites and alternate formats upon request to our Recruitment team.